Jeremy Corbyn is completely out of touch with the real debate about UK austerity August 30, 2016 Following the Brexit vote, normal service seems to have resumed. A key question in economic policy since the General Election of 2010 has moved centre stage once again: should the government abandon austerity? At one level, the question has an easy answer. Interest rates are now so low that the UK government can borrow for [...]
Is Nobel Prize-winning economist Joseph Stiglitz right that Europe may have to abandon the euro to save the European project? August 30, 2016 Ruth Lea, economic adviser at Arbuthnot Banking Group, says Yes. Granted, some may regard the common currency as an intrinsic part of the “European project”, but the euro is undermining the very foundations of a prosperous and peaceful union for all its members, which is surely what the European project is fundamentally about. And it is [...]
Petition piles pressure on Barroso for Goldman Sachs job, as it reaches over 80,000 supporters August 30, 2016 Former European Commission president Jose Barroso has come under increased pressure for taking up a role at Goldman Sachs, after a petition calling for "strong exemplary measures to be taken against" him reached over 80,000 supporters. The petition, which is being hosted on change.org and was started by an anonymous group of employees of the European Institutions, [...]
Brexit Britain could be new sweetheart after EU-US relations soured by Apple tax ruling August 30, 2016 Souring relations between the US and Europe in the wake of the EU competition watchdog ordering Apple to pay a record multi-billion pound tax bill could hand the UK a post-Brexit boost. Britain could be the big winner from the tax feud between Europe and the US after the EU competition commission ruled Apple should [...]
European exchange-traded funds and products top $539bn in July August 30, 2016 Assets under management at Europe's exchange-traded funds and products were at all-time highs at the end of July after being boosted by strong inflows and market gains. Growing by $9.4bn (£7.2bn) in July, assets totalled $539bn and were spread across over two thousand different European-listed exchanged-traded funds (ETF) and products (ETP). ETFs are usually index-tracking instruments whose value is linked to the [...]
European Union internet regulators rule against two-speed highway in win for open net activists August 30, 2016 Europe's biggest telecoms companies were dealt a blow this afternoon by European Union regulators adopting strict net neutrality rules. The new guidelines for net neutrality – the idea that all internet traffic should be treated equally – means Europe's internet will not become a so-called two speed highway. Under the new rules, laid out by the Body of European Regulators for Electronic [...]
Sadiq Khan has ordered a review of cuts on the London Fire Brigade with a report due in the autumn August 30, 2016 London mayor Sadiq Khan is to launch a review of London's fire brigade ahead of a further £22m in cuts to services. The review will be led by former Greater London Authority chief executive Anthony Mayer, with a remit to assess the impact of cuts since 2009. The London Fire Brigade's funding has been cut by [...]
Southern Rail restores 119 of the 341 services cancelled in July August 30, 2016 After promising that customers will be automatically refunded for delays on the network, Southern Rail announced that it would also be reinstating 119 services. Read more: Southern rail to fork out hefty passenger payouts amid major disruption Southern cancelled 341 services on 11 July in an attempt to provide a more realistic service following unprecedented [...]
SoftBank “not a good owner” for ARM laments Lord Myners as shareholders wave the deal through August 30, 2016 All systems go! Shareholders of tech giant ARM Holdings have approved the £24bn SoftBank takeover – clearing its last hurdle ahead of the deal being completed on Monday. The deal was waved through by 95 per cent of investors this afternoon, the Cambridge-based company said in a regulatory filing. Not all are happy about the deal however. [...]
Barclays continues to shed its non-core assets and says arrivederci to retail in Italy with sale to CheBanca! August 30, 2016 Banking giant Barclays today revealed it has completed the sale of its Italian retail network to CheBanca!, as it continues in its quest to ditch its non-core business. "I would like to take this opportunity to thank our colleagues in the Italian retail network and wish them well for the future," said Jes Staley, Barclays group chief executive. "Their [...]